Previously, I speculated on signs that the world desperately needs a new money paradigm. I cited Bitcoin as a recently-emerged idea representative of the way money may turn out. There have been online presentations hyping Bitcoin as a fantastic investment recently. After my speculative post about stresses on the economy and what might emerge as a new money paradigm, I looked into Bitcoin from that vantage point. My conclusion was that buying into it as an investment value was too rich for my blood on the one hand, and too insubstantial as a speculation on the other. In the investment world, anyone who can muster the resources to persuade vast numbers of people to invest in anything, whether it has real value or not, is in a good position to get in massively, early, and, after their campaign of persuasion has succeeded in generating high share value by luring in cash from many other investors, get out loaded, before those who followed their advice, now hit by plummeting share values, know what hit them (the classic “pump and dump” tactic).
Judging from what has recently happened to Mt. Gox and Flexcoin, it also appears Bitcoin is, in effect, in the crosshairs of some who would destroy it, whether through simple greed or through animosity to the Bitcoin system. Yet, even if Bitcoin ends up becoming fatally wounded in cyberspace, I think that in Bitcoin, we may yet be seeing some of the features of a new, probably all -electronic, currency which will eventually emerge, differing from Bitcoin in that it will be centrally controlled as the fractional reserve lending system in paper money (the surface of the largely already largely electronic currency) is now. No more international exchange rates. No more under-the-table cash dealings hard for authorities to pinpoint. No more defiance of authorities, except under risk of having one’s personal financial assets frozen, at the click of a mouse…? Worldwide economic crises create opportunities for sweeping new changes, and perhaps sweeping new powers for the powerful, who are feeling certain pressures coming from under the lid they are trying to keep on the boiling societies they rule these days.
Of course, if the human social world works as I have long since come to believe it does, the crises we’re facing in worldwide economics could easily be not only man-made, as they certainly are, but also more or less deliberate, a notion which still sends many into paroxysms of hysteria, gasping “conspiracy theorist!” as they point an accusing finger with the one hand and reach for the smelling salts with the other.
Given developments since the collapse of the USSR, I take for granted that everyone realizes by now that whomever holds the lion’s share of control over the United States of America has an aim of complete global rule in mind, and uses the USA as a tool to gain that power. Like everything else I’ve taken for granted that others would have observed about global Realpolitik, of course I would be wrong — to this day, not everyone does realize that fact, despite many published plans from the government, with titles like “Vision 20/20” and tossing around terms like “full spectrum dominance,” which are tantamount to a full admission.
This goal, now so tantalizingly near, though with Russia, China, and Iran yet to be overthrown or destroyed before it can be fully achieved, brings into view the idea of a central, one-world currency. Such a currency would be a logical extension of the manner in which the world has developed since the Middle Ages, when families like the Warburgs created a fractional reserve banking system, making vast fortunes for themselves in the process, and particularly in the past couple of centuries since Napoleonic times, when the Rothschild family became the 800-pound gorilla of central banks, whose power over various national economies succeeded in subordinating the powers of the governments of the various nations they came to exert so much power over. For the central bankers, a fully globalized world of commerce cries out for a universal exchange rate, a disposal of the complicated systems of converting commodity values into multi-varied national currencies whose values fluctuate practically by the minute.
The US went off the gold standard a long time ago, early in the Nixon era, and now seems to possess practically none. Germany can’t get the US to show proof it actually has that nation’s gold the US supposedly stores in reserve to be yielded on demand. It doesn’t show it, it doesn’t yield it, and says it won’t for seven years, so it doesn’t take a genius to figure out that it either doesn’t have it (okay under IMF rules which allow it to be lent out) or has other plans for it, as some speculate, in winning a kind of secret world war of gold which may be brewing beneath the surface.
Some, in the business of “being the media,” (since, without such a citizen effort, we will have very little news media worth having rather than a surplus of media on a mission to foster misled opinions), are speculating that such disturbing signs are indicative of a crisis of such a magnitude that international banking officers may have recently begun to commit suicide, rather than face the approaching collapse of society. Whether related or not, on Wednesday, March 5, 2014, a news item also included the “suspected suicide” of 28-year-old Autumn Ratke, American CEO of bitcoin exchange firm First Meta , Autumn Ratke formerly developed digital payment systems, working with Apple and other Silicon Valley tech firms, according to the article.
We don’t know what really happened in each case, though if you watch the video interview in the link, you’ll see that Gerald Celente, the trends forecaster, attributes them to world-shaking financial investigations on the order of the Libor scandal, investigations into the Forex market for international currency exchanges. (I had to crack up when Celente demanded to know, 9-10 minutes into the interview, when people are going to grow up and realize our entire leadership is a criminal enterprise made up of murderers and thieves. He’s exactly right about that, and I, too, keep wondering “how much more evidence do you need?”, when the scales are going to fall from people’s eyes so they stop wasting energy on contriving apologetics for a class of people who amount to their enemies.) Celente also notes in the interview that we did not have news of a spate of banker suicides in the national financial meltdown of September, 2008 — something is different this time from those dark days, something may well be far worse.
Speculatively speaking, if “the West” is as bankrupt as it appears and as indebted as it appears, then all the desperate measures the signs indicated are being taken to prop up the system, “quantitative easing” and such, are bound to grow dangerously weak.
Official investigations do tend to induce people to talk rather than face worse consequences; unfortunately, as evidently played out in the early 1990s in the B.C.C.I. banking scandal, a lot of people can die with a net result that tales which seriously needed telling, go untold. If this trend of international banker suicides is real, it’s very disturbing; if “suicide” is a cover story for the untimely deaths of, perhaps, people who simply knew too much and might have talked, it’s doubly so, and could imply severe consequences are coming soon for us all. Collapse, if it’s coming this time, would no doubt trigger the provisions of Executive Order 13603, triggering a government takeover of the means of production (basically, anything they want). I don’t advise lying awake at night worrying about the existence of this order, as it has had predecessors dating back decades, a fact which alarmists tend to forget. But, the orders do exist, and the government will use them if they’re deemed necessary. I worry more about the fact that in my lifetime, since the mid-1970s or so, America seems to have increasingly become a hollow shell of an economy, and in the numerous ensuing financial scandals, of greater and greater magnitudes it seems with each wave, the home economics of more and more everyday people are being seriously harmed. Meanwhile, it seems we, as a people, are encouraged to simply whistle a happy tune past the graveyard. Someone seems to want us to lie down and accept whatever happens, no matter how many people get hurt, no matter how much they get hurt. What’s going on here?
Like others who believe something is seriously wrong at the core of society, I cannot offer answers as an outsider unable to fully unveil the hidden processes. I can only muse on what is visible to me.
The quick path to collapse was certainly not taken, in an earlier era. The quick path would be to peg the value of fiat paper money to nothing and encourage the flooding of economies with currency wildly out of proportion to the production of goods, so the petrodollar replaced the former notion of gold notes. With the Bretton Woods agreement, the US Dollar became the world’s exchange standard, in effect, backed by the value of oil. There is no question (in my mind, anyway) that that system is dying. Now, it’s up to military might to prop up the value of the dollar, amidst of glut of dollars effectively backed by nothing as far as the client nations of the US are concerned. Western Civilization has had to re-invent itself more than a half-dozen times in the past. Perhaps it can do so again. Even if so, life, perforce, will not be as we have known it, not without significant changes in living conditions. I do not believe bullying the world into subservience is a sustainable option indefinitely.
Shortly before the Bushites began its second round of defrauding the United States (the first round was stealing the Presidency) by lying about Iraq possessing weapons of mass destruction, which everyone who read the newspapers should have been able to recall had already been destroyed by the UN years before, after Operation Desert Storm/Shield, Saddam Hussein decided to peg his nation’s exchange rates to the Euro, rather than the dollar. Uh-oh. Even though he was no military threat whatsoever and was willing to deal with the US on any terms it wished, otherwise, things did not go so well for him.
With the White House exchanging Bush for Obama, it appears US policy has backed off the massive, swaggering invasions preferred by Bush and Halliburton’s greatest sales agent, though the gains from their invasions continue under forms of occupation. The current regime favors covert operations along with more official lying, an array of subversions and propaganda wars designed to overthrow and conquer, mostly via “soft power,” the various nations on the same old hit list of The Project for a New American Century which so motivated Bush/ Cheney — alternative methods, but the same agenda, same hit list of nations to be conquered. For that matter, it’s the same overall vision as that propounded by the “alternative” influencer of foreign policy, Zbigniew Brzezinski, author of The Grand Chessboard. Now, instead of the neocon way, belligerently “singing great songs” of open war, our authorities are hitting nations the sneaky way Brzezinski, the equivalent of Henry Kissinger for Democratic Administrations, prefers.
So, the nations without one of those Rothschild-controlled Central Banks, purely by coincidence of course, or at least that’s the leading theory, such as Libya and Syria, or the nations who elect leaders who try to become independent of US control, such as Venezuela, or who are already independent but, as vassal states, could become useful for destroying Russia or China, such as the Ukraine, Georgia, and “the ‘Stans,” have increasingly become the beneficiaries of US fiscal largesse, along with military and missile bases. In effect, the US has been busy creating a world in which other nations do as the US says, because it says it — OR ELSE — the US rains down death from above. Generally, there’s a consensus among leaders to not make waves, in favor of taking the bribes and reading from the PR script. There’s better money in it, and it’s so much better to be rich than to be assassinated.
Such arrogance is not without its consequences, such as the formation of the BRICS alliance, an effort on the part of multiple nations across the world (Brazil, Russia, India, China, and South Africa) to get out from under the US jackboot which is grinding on their economies and/or on their national autonomy. In the long run, it looks like anyone defying “the West” is still paying a steep price. It took little more than a flood of fiat money and a few words from the Fed Chairman to place BRICS in dire distress; the alliance is now referred to as “the Fragile Five.”
One of the early signs of alarm over US belligerence was the establishment of a mutual defense treaty between Germany and Russia during G.W. Bush’s first term. If the agenda of the Committee for the Present Danger continues to dominate US foreign policy as it perennially has since the Ford Administration, the US will never cease to be a world provocateur and warmongering nation. And if that’s the case, the US will be warring with Russia, and probably with China, too. Its eagerness to war with Iran, personified in the person of Dick Cheney, may have been thwarted only by honest CIA analysts and a news media which, for some reason, was willing to broadcast their findings in the closing days of the Shrub White House years. A change in approach was probably deemed necessary in the real councils of power, as the American people themselves were sick of war by then. And by now, the US has occupied and exerted military power in Afghanistan nearly four times as long as its involvement lasted in World War II. It appears to me that after that war, nothing could ever signify “victory” for the US military, the mightiest in the world by far. “Victory” means you have to clear out, and that’s bad for business, particularly oil, arms, and pharmaceuticals.
If the “subtler” warmongers holding the whip hand in the current Administration get their way, in the wake of the Fascist takeover in Ukraine, a US war with Russia may be imminent, judging from the misleading and arrogant statements now emanating from “bi-partisan Washington, DC.” That one, if it comes, unlike all the others, may have an end — a nuclear ending. Will Germany help Russia before the missiles fly?
At any rate, there is a neat convergence of interests here, in the midst of a volatile world system ruled by a form of finance which eventually must fail. The controllers of the US want to control the whole world to the same extent, gaining full power over all the money and all the media to form people’s opinions about what is real, and what is right and proper in the social order. (My post-9/11 guess is that discussing elementary facts about how physics works is not going to rank high in the list of topics promoted, but that will be more than compensated for by celebrity gossip.) With the flood of paper money generated to enrich bankers after they had already enriched themselves by transforming newly unregulated, consolidated liquidity into a cosmos of other people’s debt via leveraging devices, the world is drowning in paper dollars which are becoming worthless by the minute, and the subordinated nations bearing the brunt of the damage are looking for an escape hatch. They will be staring down gun barrels and trying to snuff out numerous political fires which spring up by coincidence as they try to salvage some autonomy.
So, what part of the happenings in the world are going to stave off collapse of a system which has been made unsustainable by boundless greed on the part of the powerful? Nothing, that I can see in plain sight. Ecologically, we’re not only destroying our invaluable pollinating creatures, economically, we’re not only draining our currencies of value, politically, we’re not only draining our governments of accountability to standards of fairness, while morally, we’re lost in a morass in which we allow all this to happen at once in a mental landscape where we find it imperative to hold pre-packaged, media-certified, strong opinions while simultaneously not wanting to bother to know anything in particular that’s highly significant, because our attention spans are already beseiged and besides, the deep stuff is way too disturbing.
Deliberate or not, vast undermining of the basis of exchange we use is occurring in the wake of wave after wave of ever-more-intense banking crises, with vast numbers of us entering the ranks of “the surplus population,” and as maneuvering for total power cycles into ever more high-stakes territory — and, coincidentally? — a spate of international banking figures take, literally, fatal falls.